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FAIR VALUE DISCLOSURES (Tables)
9 Months Ended
Sep. 30, 2022
FAIR VALUE DISCLOSURES  
Schedule of recurring Level 3 fair value measurements of contingent consideration

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Payment Type

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Valuation Technique

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Unobservable Input

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Assumptions

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Profit-based milestone payments

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Probability-weighted discounted cash flow

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Discount rate

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13.2%

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​

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Projected fiscal year of payment

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2023-2029

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Product development-based milestone payments

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Probability-weighted discounted cash flow

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Discount rate

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8.7%

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​

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​

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Probability of payment

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90.0%

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​

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Projected fiscal year of payment

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2023-2024

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Schedule of changes in contingent consideration

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Three Months Ended September 30, 

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Nine Months Ended September 30, 

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(in thousands)

    

2022

    

2021

    

2022

    

2021

    

Beginning balance

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$

30,958

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$

—

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$

31,000

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$

—

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Measurement period adjustment

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​

—

​

​

—

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300

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​

—

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Change in fair value

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2,476

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—

​

 

2,134

​

 

—

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Ending balance

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$

33,434

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$

—

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$

33,434

​

$

—

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Schedule of financial assets and liabilities accounted for at fair value on a recurring basis

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(in thousands)

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Fair Value at

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Description

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September 30, 2022

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Level 1

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Level 2

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Level 3

Assets

 

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​

  

 

​

  

 

​

  

Interest rate swap

​

$

9,373

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$

—

​

$

9,373

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$

—

Liabilities

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​

 

  

​

 

  

​

 

  

Contingent consideration

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$

33,434

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$

—

​

$

—

​

$

33,434

CVRs

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$

—

​

$

—

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$

—

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$

—

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​

​

​

​

​

​

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​

​

​

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Fair Value at

    

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Description

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December 31, 2021

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Level 1

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Level 2

​

Level 3

Liabilities

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​

 

  

​

 

  

​

 

  

Contingent consideration

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$

31,000

​

$

—

​

$

—

​

$

31,000

Interest rate swaps

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$

6,790

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$

—

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$

6,790

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$

—

CVRs

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$

—

​

$

—

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$

—

​

$

—